Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
The Tribunal held that the first appellate authority erred in affirming the re-assessment and levy of anti-dumping duty (ADD) u/s 9A of the Customs Tariff Act, 1975, without any material on record to determine whether the re-assessment conformed to the framework of the notification. The Tribunal found that the first appellate authority lacked jurisdiction to adjudicate on the merits of the assessment by the original authority. The absence of the importer's consent for alteration of the assessment and the lack of scrutiny of the entry u/s 46 of the Customs Act invalidated the impugned orders ab initio.
The Tribunal held that the first appellate authority erred in affirming the re-assessment and levy of anti-dumping duty (ADD) u/s 9A of the Customs Tariff Act, 1975, without any material on record to determine whether the re-assessment conformed to the framework of the notification. The Tribunal found that the first appellate authority lacked jurisdiction to adjudicate on the merits of the assessment by the original authority. The absence of the importer's consent for alteration of the assessment and the lack of scrutiny of the entry u/s 46 of the Customs Act invalidated the impugned orders ab initio.
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